Balance Transfer

[Basspro2]

Hello everyone ! Long time reader of these forums and I have just a simple question? I did a balance transfer with Capitol One to pay off a balance with Barklays. It wasn't much of a transfer but $600.00 .Does Barklays take offense to doing this? My Barklays has a higher interest rate than my Cap 1 believe it or not. I just don't want to PO Barklay Card and have them lower my CL because they got paid by Cap One. May be a dumb question but has me concerned. Thanks in advance.

[RobertEG]

Interesting question....

If I were a creditor, I would view the current CL as my comfort level in permitting the consumer to use my $, capped by the level at which they may become an increased risk of delinquency/default.  I would want them to use the card, thus getting fees at the register, and potential interest.

Using criteria unrelated to a risk of repayment analysis would most likely reduce my profits on the average......not a business decision I would probably make.

[takeshi74]

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@Basspro2 wrote:

Hello everyone ! Long time reader of these forums and I have just a simple question? I did a balance transfer with Capitol One to pay off a balance with Barklays. It wasn't much of a transfer but $600.00 .Does Barklays take offense to doing this?

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Why would any creditor "take offense" to being paid?

[ACsteel]

It's fine, the balance transfers are there for use, it's promoted b/c they want you to use their cards. However make sure the balance transferred is not capping off your card and overall your utilization to debt ratio stays low.

[Basspro2]

Thanks guys ... Just worried that Barkleys would get concerned that Cap 1 is paying a balance. Never did a transfer before and you know how wierd Barklays is.